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Director/PDMR Shareholding

11th Mar 2022 14:22

RNS Number : 5462E

STV Group PLC

11 March 2022

STV Group plc

Director shareholding

11 March 2022

LEI: 21380075GOOTTBDNDJ58

The following share awards were granted today, 11 March 2022, at a price of 320 pence per ordinary share (the closing share price on 10 March 2022):

2022 Long-term Incentive Plan

A total of 471,267 conditional nil cost share awards of 50p each under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 29 April 2021. These were awarded to a total of nine employees, including two executive directors as follows:

Simon Pitts, Chief Executive	134,937 shares
Lindsay Dixon, Chief Financial Officer	75,758 shares

This plan will vest in three years subject to the continued employment of the participants and the satisfaction of the undernoted performance conditions and will be released following a further holding period of two years from the vesting date:

Performance measure	Calibration of targets	Weighting	Threshold vesting (25% of max)	Maximum vesting
Earnings per share growth	Annualised growth in EPS from FY21 to FY24	50%	4% per annum	10% per annum
Non-broadcast operating profit	Operating profit for non-broadcast in FY24	30%	£15.0m	£19.5m
Total shareholder return (TSR)	Ranked position of our share price growth (including dividends) against FTSE Small Cap companies	20%	Median	Upper quartile

2021 Deferred Bonus Plan

A total of 97,286 ordinary shares were granted to a total of seven employees who are participants in the 2021 Deferred Bonus Plan, including two executive directors as detailed below. This plan was approved by shareholders on 29 April 2021. The shares will be released following a three-year holding period and subject to the continued employment of the participants.

Simon Pitts, Chief Executive	37,828 shares
Lindsay Dixon, Chief Financial Officer	17,928 shares

Further enquiries:

Jane E A Tames, Company Secretary, STV Group plc [email protected]

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